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Archive - 2011-08-20
Enemy cannot dare harm Pakistan: PM
Top News

Enemy cannot dare harm Pakistan: PM

LAHORE : Prime Minister Syed Yusuf Raza Gilani assured the nation on Saturday that the enemy cannot dare harm the sevent
Published 20 Aug, 2011 04:56pm
58 killed in South Sudan: UN
Africa

58 killed in South Sudan: UN

JUBA : At least 58 people were killed in clashes between tribes over cattle in South Sudan , a United Nations spokesma
Published 20 Aug, 2011 04:53pm
35 Afghans dead in bus crash
Asia

35 Afghans dead in bus crash

KANDAHAR: A total of 35 Afghans were killed and 27 others injured on Saturday when a speeding bus overturned on a highwa
Published 20 Aug, 2011 03:11pm
Gold eases at Rs51,771
Markets

Gold eases at Rs51,771

KARACHI: Gold slipped by Rs171 to close at Rs51,771 per 10 grams in the local market Saturday, as its international pric
Published 20 Aug, 2011 03:09pm
Weekly inflation increases 0.30 percent
Top News

Weekly inflation increases 0.30 percent

ISLAMABAD : The Sensitive Price Indicator (SPI), for the week ended on August 18 for the lowest income group up to Rs3,0
Published 20 Aug, 2011 01:32pm
Arms smuggling bid foiled; two held
Top News

Arms smuggling bid foiled; two held

PESHAWAR: The capital city police on Saturday foiled bid of arms smuggling and apprehended two smugglers besides recover
Published 20 Aug, 2011 10:38am
Canada condemns bomb attack at mosque
Top News

Canada condemns bomb attack at mosque

ISLAMABAD: Canadian Foreign Minister, John Baird strongly condemned attack at a mosque in Khyber Agency, which killed do
Published 20 Aug, 2011 10:38am
65 killed in Karachi violence: Officials
Top News

65 killed in Karachi violence: Officials

KARACHI : Criminal violence blamed on gangs has killed 65 people in Karachi, with police the latest victims shot dead i
Published 20 Aug, 2011 06:40am
CJ constitutes one bench for next week
Top News

CJ constitutes one bench for next week

ISLAMABAD : Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted one bench at the Principal seat to he
Published 20 Aug, 2011 06:39am
HP shares plunge 20pc on Wall Street
Top News

HP shares plunge 20pc on Wall Street

NEW YORK : Hewlett-Packard shares plunged 20 percent on Wall Street after the world's top personal computer maker announ
Published 20 Aug, 2011 06:21am
HP exploring PC spinoff, buying Autonomy

HP exploring PC spinoff, buying Autonomy

Hewlett-Packard, the world's top personal computer maker, announced Thursday it is exploring a spinoff of its PC unit in a historic shift away from the consumer market. In line with a strategic realignment towards software and solutions for businesses, th
Published 20 Aug, 2011 12:00am
Belgium adds to calls for euro bond, bigger bailout

Belgium adds to calls for euro bond, bigger bailout

Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly. Belgian Finance Minister Didier Reynders
Published 20 Aug, 2011 12:00am
Belgium adds to calls for euro bond, bigger bailout

Belgium adds to calls for euro bond, bigger bailout

Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly. Belgian Finance Minister Didier Reynders
Published 20 Aug, 2011 12:00am
Credit Suisse cuts India wealth management staff by 20 percent

Credit Suisse cuts India wealth management staff by 20 percent

Swiss bank Credit Suisse is reducing about 20 percent of its staff in the India wealth management unit as part of its global headcount reduction plans amid tough market conditions, two sources with knowledge of the situation said on Friday. Out of about 6
Published 20 Aug, 2011 12:00am
BP's Russia problems mount with $3 billion claim

BP's Russia problems mount with $3 billion claim

BP's problems in the high-stakes Russian oil market mounted Friday with news that a Siberian court had set a hearing into a $3 billion claim by a local shareholder against the British energy giant. The long-anticipated announcement came in the wake of thi
Published 20 Aug, 2011 12:00am
Canada soothes on world economy, but ready to act

Canada soothes on world economy, but ready to act

Canada's top economic policymakers see a raft of risks for a fragile yet still growing global economy, but are ready to intervene in case of major world turmoil. In testimony to a parliamentary committee on Friday, Bank of Canada Governor Mark Carney and
Published 20 Aug, 2011 12:00am
Exxon sues US over lucrative cancelled Gulf leases

Exxon sues US over lucrative cancelled Gulf leases

Exxon Mobil Corp sued the US government to reverse a decision by the Department of the Interior to cancel offshore oil and gas leases estimated to yield tens of billions of dollars of oil. The lawsuit, filed on August 12 in the federal court in Lake Charl
Published 20 Aug, 2011 12:00am
Economists see French growth below 1.4 percent

Economists see French growth below 1.4 percent

France's economic growth will sink below 1.4 percent in 2012, well beneath a government target, posing tough choices for President Nicolas Sarkozy as he tries to cut the deficit while winning re-election, economists said. A slew of disappointing data from
Published 20 Aug, 2011 12:00am
Super rich still making money in crisis

Super rich still making money in crisis

Financial advisers to the world's richest people report some of their top clients have continued to make money throughout recent market turmoil by harnessing sophisticated investments out of reach to mainstream punters. With equity markets plunging, most
Published 20 Aug, 2011 12:00am
Argentina trims wheat area outlook

Argentina trims wheat area outlook

Argentina's government trimmed its forecast for 2011/12 wheat area to 4.5 million hectares from the 4.7 million hectares projected a month ago, the Agriculture Ministry said in a report on Thursday. The South American country is one of the world's top sup
Published 20 Aug, 2011 12:00am
No business on grain market

No business on grain market

No business was reported on the wholesale grain and seed market on Friday as almost all participants were busy in preparations for Juma prayers.
Published 20 Aug, 2011 12:00am
Persistent demand inches up spot rate, lint prices on cotton market

Persistent demand inches up spot rate, lint prices on cotton market

Strong mills' demand persisted on the cotton market on Friday amid market anticipation about rise in prices following the upward trend in the global market but some analysts were of the opinion that rate may drift lower due to thin attendance during the p
Published 20 Aug, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,505 tonnes of cargo including 95,647 tonnes of import cargo, 33,858 tonnes of export cargo and 4,185 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 95,647 tonnes compris
Published 20 Aug, 2011 12:00am
Thai sugarcane output revised up, premiums fall

Thai sugarcane output revised up, premiums fall

Thailand, the world's second-biggest sugar exporter, could produce a record 100 million tonnes of sugarcane in 2011/12, which would yield around 10 million tonnes of sugar, sending Thai premiums for next year's delivery down more than half.
Published 20 Aug, 2011 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Thursday to their biggest daily loss in 10 days, as fresh concerns about global growth drove investors away from most commodities and stocks. Canola's losses were relatively modest, with the crop seen as underpinned
Published 20 Aug, 2011 12:00am
Kenya plans to build second container terminal at Mombasa

Kenya plans to build second container terminal at Mombasa

Kenya, whose main port serves as a gateway to landlocked countries in east Africa, plans to build a $300 million second container terminal at Mombasa to handle increased trade within the region, a senior ports official said on Thursday. East African natio
Published 20 Aug, 2011 12:00am
US wheat futures fall on economic worries

US wheat futures fall on economic worries

US wheat futures fell on Thursday, the first drop for the Chicago Board of Trade contract after seven straight positive sessions, as traders shed risky assets due to concerns about the global economy. The risk aversion caused the US dollar to strengthen,
Published 20 Aug, 2011 12:00am
Indonesia may miss target of white sugar output in 2012

Indonesia may miss target of white sugar output in 2012

Indonesia may not be able to meet its white sugar production target of 4.4 million tonnes for next year unless it plants an additional 300,000 hectares of sugarcane, the deputy agriculture minister said on Friday. Indonesia, Southeast's Asia biggest sugar
Published 20 Aug, 2011 12:00am
Message from President of Pakistan

Message from President of Pakistan

I am extremely delighted to learn that the "LCCI Achievement Awards" started in 2005 to recognise the efforts of the business community of Lahore for the promotion of trade and investment, has now entered into the seventh year of its successful happening
Published 20 Aug, 2011 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I am glad to learn that the Lahore Chamber of Commerce & Industry is holding Achievement Awards. I congratulate LCCI President Mr Shahzad Ali Malik, Senior Vice President Sheikh Mohammad Arshad and Vice President Mr Sohail Azhar for their splendid efforts
Published 20 Aug, 2011 12:00am
Message from Federal Minister for Commerce

Message from Federal Minister for Commerce

It gives me immense pleasure to know that the Lahore Chamber of Commerce & Industry is holding Achievement Awards and honouring the outstanding businessmen from various sectors for their wonderful performance in their respective businesses.
Published 20 Aug, 2011 12:00am
Message from Chief Minister of Punjab

Message from Chief Minister of Punjab

I am glad to learn that the Lahore Chamber of Commerce & Industry is organising Achievement Awards ceremony to honour the leading businessmen of Lahore who had outstandingly performed in their respective fields. The government has been endeavouring hard t
Published 20 Aug, 2011 12:00am
Message from Governor Punjab

Message from Governor Punjab

The economic development and promotion of trade and commerce is the cornerstone of self-reliance and sovereignty of the country. The Chambers have always been playing a vital role in this respect. I am glad that the Lahore Chamber of Commerce & Industry,
Published 20 Aug, 2011 12:00am
Message from President LCCI

Message from President LCCI

The fact remains that the business community has always played an important and crucial role for the economic well-being of the country. It remained steadfast in the hour of need but it never earned the recognition that it deserves. The LCCI Achievement A
Published 20 Aug, 2011 12:00am
Message from Senior Vice President, LCCI

Message from Senior Vice President, LCCI

Awards have always been used as a motivation and encouragement for the good work done by the recipients. The Lahore Chamber of Commerce and Industry in the year 2005 started giving awards to those businessmen who performed exceptionally well during that p
Published 20 Aug, 2011 12:00am
Message from Vice President LCCI

Message from Vice President LCCI

Lahore is fast becoming the hub of economic activities and the credit for this goes to the present government who has introduced business-friendly policies and created a matchless liaison with the business community. The Lahore Chamber of Commerce and Ind
Published 20 Aug, 2011 12:00am
Guard Auto Zone

Guard Auto Zone

Features: The Guard Auto Zone has introduced a novel concept of developing a complete infrastructure for the automobile industry through direct marketing strategy. Our Customer Care Representatives call our esteemed clients for their suggest
Published 20 Aug, 2011 12:00am
Grand Parent Poultry (Pvt) Limited

Grand Parent Poultry (Pvt) Limited

The company was incorporated in 1989. It comprises of Grand Parent poultry breeding farms and hatchery to produce day old Hubbard parent stock. The Grand Parent operations are being conducted in collaboration with and under supervision of Hubbard who are
Published 20 Aug, 2011 12:00am
48 killed in Jamrud suicide mosque attack

48 killed in Jamrud suicide mosque attack

At least 48 worshippers were killed and over 80 injured when a suicide bomber ripped a Friday congregation in a mosque in Jamrud, Khyber Agency, sources in political administration and hospitals said. The suicide bomber blew himself up as the Imam (prayer
Published 20 Aug, 2011 12:00am
Hormones and leadership

Hormones and leadership

Three hormones - Dopamine, Prolactin and Oxytocin - play an important role in one's emotional make-up and crisis management. Individually, they swing our mood up and down according to their properties in sexual or asexual ways.
Published 20 Aug, 2011 12:00am
48 killed in Jamrud suicide mosque attack

48 killed in Jamrud suicide mosque attack

At least 48 worshippers were killed and over 80 injured when a suicide bomber ripped a Friday congregation in a mosque in Jamrud, Khyber Agency, sources in political administration and hospitals said. The suicide bomber blew himself up as the Imam (prayer
Published 20 Aug, 2011 12:00am
KARACHI CHRONICLE: Lyari soccer

KARACHI CHRONICLE: Lyari soccer

Soccer holds the key, the only key, to Lyari's peace and prosperity. It was so in the past when there was an East and a West Pakistan and it has been proved again by fifteen-year-old Munir Aftab, captain of the triumphant Pakistan Under-16 football team,
Published 20 Aug, 2011 12:00am
Gold sets record; dollar slumps versus yen

Gold sets record; dollar slumps versus yen

Gold set a record high and equity markets slid anew on Friday as lingering fears about Europe's debt crisis and a potential slide into recession for major economies kept the bid for safe-havens alive. Commodity prices rebounded after the US dollar plumbed
Published 20 Aug, 2011 12:00am
ART FACTS: Reflections of struggle for independence

ART FACTS: Reflections of struggle for independence

A few of our artists after independence in 1947 has taken up struggle for independence and the personalities involve during the process as the subject of their paintings. The story of Pakistan, its struggle and its achievement, is the very story of great
Published 20 Aug, 2011 12:00am
Gold sets record; dollar slumps versus yen

Gold sets record; dollar slumps versus yen

Gold set a record high and equity markets slid anew on Friday as lingering fears about Europe's debt crisis and a potential slide into recession for major economies kept the bid for safe-havens alive. Commodity prices rebounded after the US dollar plumbed
Published 20 Aug, 2011 12:00am
BRIDGE NOTES: The killing defence

BRIDGE NOTES: The killing defence

Declarer play has its own levels of fascination but then it is expected that expert play would not err and would find its best recourse in the making of the contract. But defense has its own keyboard to tune in deceptive tones for the declarer in a camouf
Published 20 Aug, 2011 12:00am
Gold sets record; dollar slumps versus yen

Gold sets record; dollar slumps versus yen

Gold set a record high and equity markets slid anew on Friday as lingering fears about Europe''s debt crisis and a potential slide into recession for major economies kept the bid for safe-havens alive. Commodity prices rebounded after the US dollar plumbe
Published 20 Aug, 2011 12:00am
Infrastructure bonds: Finance team asked to consider feasibility

Infrastructure bonds: Finance team asked to consider feasibility

President Asif Ali Zardari on Friday directed the Finance team to consider the feasibility of floating infrastructure bonds for raising equity for building infrastructure projects. Discussing futuristic concept of investment in a meeting with the Finance
Published 20 Aug, 2011 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 20 Aug, 2011 12:00am
Infrastructure bonds: Finance team asked to consider feasibility

Infrastructure bonds: Finance team asked to consider feasibility

President Asif Ali Zardari on Friday directed the Finance team to consider the feasibility of floating infrastructure bonds for raising equity for building infrastructure projects. Discussing futuristic concept of investment in a meeting with the Finance
Published 20 Aug, 2011 12:00am
New York cotton

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 20 Aug, 2011 12:00am
Infrastructure bonds: Finance team asked to consider feasibility

Infrastructure bonds: Finance team asked to consider feasibility

President Asif Ali Zardari on Friday directed the Finance team to consider the feasibility of floating infrastructure bonds for raising equity for building infrastructure projects. Discussing futuristic concept of investment in a meeting with the Finance
Published 20 Aug, 2011 12:00am
Infrastructure bonds: Finance team asked to consider feasibility

Infrastructure bonds: Finance team asked to consider feasibility

President Asif Ali Zardari on Friday directed the Finance team to consider the feasibility of floating infrastructure bonds for raising equity for building infrastructure projects. Discussing futuristic concept of investment in a meeting with the Finance
Published 20 Aug, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 20 Aug, 2011 12:00am
Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Finance and the Ministry Water and Power to pay Rs 25 billion to PSO and IPPs by mid-September to enable companies to generate electricity to the maximum capacity so that people are subjec
Published 20 Aug, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 20 Aug, 2011 12:00am
Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Finance and the Ministry Water and Power to pay Rs 25 billion to PSO and IPPs by mid-September to enable companies to generate electricity to the maximum capacity so that people are subjec
Published 20 Aug, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Ministries told to pay Rs 25 billion to PSO, IPPs by mid-September

Prime Minister Syed Yusuf Raza Gilani has directed the Ministry of Finance and the Ministry Water and Power to pay Rs 25 billion to PSO and IPPs by mid-September to enable companies to generate electricity to the maximum capacity so that people are subjec
Published 20 Aug, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Import stage: OMCs not to pay ST on minimum value-addition

Import stage: OMCs not to pay ST on minimum value-addition

The Federal Board of Revenue (FBR) has informed the oil marketing companies (OMCs) that they are not required to pay sales tax on minimum value-addition at import stage under the Sales Tax Special Procedure Rules, 2007. In this connection, the FBR issued
Published 20 Aug, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Import stage: OMCs not to pay ST on minimum value-addition

Import stage: OMCs not to pay ST on minimum value-addition

The Federal Board of Revenue (FBR) has informed the oil marketing companies (OMCs) that they are not required to pay sales tax on minimum value-addition at import stage under the Sales Tax Special Procedure Rules, 2007. In this connection, the FBR issued
Published 20 Aug, 2011 12:00am
Import stage: OMCs not to pay ST on minimum value-addition

Import stage: OMCs not to pay ST on minimum value-addition

The Federal Board of Revenue (FBR) has informed the oil marketing companies (OMCs) that they are not required to pay sales tax on minimum value-addition at import stage under the Sales Tax Special Procedure Rules, 2007. In this connection, the FBR issued
Published 20 Aug, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (August 19, 2011).
Published 20 Aug, 2011 12:00am
Thousands protest pope visit to Madrid

Thousands protest pope visit to Madrid

Thousands of protesters marched Friday in central Madrid against a visit by Pope Benedict XVI, who led a service just a few hundred metres (yards) away. The activists are angry over the cost of World Youth Day celebrations led by the pope, and over police
Published 20 Aug, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Thousands protest pope visit to Madrid

Thousands protest pope visit to Madrid

Thousands of protesters marched Friday in central Madrid against a visit by Pope Benedict XVI, who led a service just a few hundred metres (yards) away. The activists are angry over the cost of World Youth Day celebrations led by the pope, and over police
Published 20 Aug, 2011 12:00am
Zardari asks MQM to rejoin government for peace

Zardari asks MQM to rejoin government for peace

President Asif Ali Zardari has once again invited Muttahida Qaumi Movement (MQM) to rejoin the government amid reservations by its chief Altaf Hussain that Intelligence Bureau (IB) and Federal Investigation Agency (FIA) are providing to the British govern
Published 20 Aug, 2011 12:00am
Zardari asks MQM to rejoin government for peace

Zardari asks MQM to rejoin government for peace

President Asif Ali Zardari has once again invited Muttahida Qaumi Movement (MQM) to rejoin the government amid reservations by its chief Altaf Hussain that Intelligence Bureau (IB) and Federal Investigation Agency (FIA) are providing to the British govern
Published 20 Aug, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Business community for deployment of troops

Business community for deployment of troops

Business community here on Friday showed its even increasing worries over the current wave of killings, kidnappings and the worst ever law and order situation, and urged the government to deploy Pak army in Karachi. Violence created tension in the city wi
Published 20 Aug, 2011 12:00am
Business community for deployment of troops

Business community for deployment of troops

Business community here on Friday showed its even increasing worries over the current wave of killings, kidnappings and the worst ever law and order situation, and urged the government to deploy Pak army in Karachi. Violence created tension in the city wi
Published 20 Aug, 2011 12:00am
Business community for deployment of troops

Business community for deployment of troops

Business community here on Friday showed its even increasing worries over the current wave of killings, kidnappings and the worst ever law and order situation, and urged the government to deploy Pak army in Karachi. Violence created tension in the city wi
Published 20 Aug, 2011 12:00am
Balochistan MPAs call for army operation

Balochistan MPAs call for army operation

The members of Balochistan Assembly on Friday demanded army operation in Karachi to stop killing of innocent people and to provide protection to life and property of the masses. The assembly session started with Speaker Muhammad Aslam Bhootani in the chai
Published 20 Aug, 2011 12:00am
Balochistan MPAs call for army operation

Balochistan MPAs call for army operation

The members of Balochistan Assembly on Friday demanded army operation in Karachi to stop killing of innocent people and to provide protection to life and property of the masses. The assembly session started with Speaker Muhammad Aslam Bhootani in the chai
Published 20 Aug, 2011 12:00am
Banks' DFIs' NPLs hit Rs 594 billion mark

Banks' DFIs' NPLs hit Rs 594 billion mark

Non-Performing Loans (NPLs) of banks and DFIs rose to a historic level of Rs 594 billion at the end of June 2011 owing to slow economic activities and high interest rates. The State Bank of Pakistan (SBP) on Friday said NPLs continue to grow and registere
Published 20 Aug, 2011 12:00am
Banks' DFIs' NPLs hit Rs 594 billion mark

Banks' DFIs' NPLs hit Rs 594 billion mark

Non-Performing Loans (NPLs) of banks and DFIs rose to a historic level of Rs 594 billion at the end of June 2011 owing to slow economic activities and high interest rates. The State Bank of Pakistan (SBP) on Friday said NPLs continue to grow and registere
Published 20 Aug, 2011 12:00am
Banks'' DFIs'' NPLs hit Rs 594 billion mark

Banks'' DFIs'' NPLs hit Rs 594 billion mark

Non-Performing Loans (NPLs) of banks and DFIs rose to a historic level of Rs 594 billion at the end of June 2011 owing to slow economic activities and high interest rates. The State Bank of Pakistan (SBP) on Friday said NPLs continue to grow and registere
Published 20 Aug, 2011 12:00am
Index sheds 248.7 points

Index sheds 248.7 points

A declining trend in the global markets and deteriorating law and order situation in Karachi invited panic selling on Karachi share market on Friday and the KSE-100 index nose-dived 248.70 points to close at 10,879.82 points. Selling was seen from both lo
Published 20 Aug, 2011 12:00am
Index sheds 248.7 points

Index sheds 248.7 points

A declining trend in the global markets and deteriorating law and order situation in Karachi invited panic selling on Karachi share market on Friday and the KSE-100 index nose-dived 248.70 points to close at 10,879.82 points. Selling was seen from both lo
Published 20 Aug, 2011 12:00am
Index sheds 248.7 points

Index sheds 248.7 points

A declining trend in the global markets and deteriorating law and order situation in Karachi invited panic selling on Karachi share market on Friday and the KSE-100 index nose-dived 248.70 points to close at 10,879.82 points. Selling was seen from both lo
Published 20 Aug, 2011 12:00am
BRIndex30 down 184.69 points

BRIndex30 down 184.69 points

On Friday, the BRIndex30 opened at 7,973.33 points and remained in negative throughout the trading session. It touched the intra-day high of 7,973.33 points and low of 7,768.77 points, and closed at 7,788.64 points with a net negative change of -184.69 po
Published 20 Aug, 2011 12:00am
BRIndex30 down 184.69 points

BRIndex30 down 184.69 points

On Friday, the BRIndex30 opened at 7,973.33 points and remained in negative throughout the trading session. It touched the intra-day high of 7,973.33 points and low of 7,768.77 points, and closed at 7,788.64 points with a net negative change of -184.69 po
Published 20 Aug, 2011 12:00am
Nine dead in Taliban assault on British Council in Kabul

Nine dead in Taliban assault on British Council in Kabul

Taliban attackers laid siege to a British cultural centre in the Afghan capital on Friday, killing at least nine people during an hours-long assault on the 92nd anniversary of Afghanistan's independence from British rule.
Published 20 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Aug, 2011 12:00am
Nine dead in Taliban assault on British Council in Kabul

Nine dead in Taliban assault on British Council in Kabul

Taliban attackers laid siege to a British cultural centre in the Afghan capital on Friday, killing at least nine people during an hours-long assault on the 92nd anniversary of Afghanistan's independence from British rule.
Published 20 Aug, 2011 12:00am
'No deal yet on US troops staying in Iraq'

'No deal yet on US troops staying in Iraq'

The United States and Iraq have not yet agreed to a post-2011 American military training mission, an aide to the Iraqi premier said Friday, after the US defence chief said Baghdad had given the okay. "We have not yet agreed on the issue of keeping trainin
Published 20 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 20 Aug, 2011 12:00am
'No deal yet on US troops staying in Iraq'

'No deal yet on US troops staying in Iraq'

The United States and Iraq have not yet agreed to a post-2011 American military training mission, an aide to the Iraqi premier said Friday, after the US defence chief said Baghdad had given the okay. "We have not yet agreed on the issue of keeping trainin
Published 20 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Aug, 2011 12:00am
EU to stop buying Syrian oil

EU to stop buying Syrian oil

European Union countries have decided to stop buying crude oil from Syria as they move to toughen sanctions against the regime of President Bashar al-Assad, diplomats from the bloc said Friday. The sources were speaking after EU ambassadors met in Brussel
Published 20 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Aug, 2011 12:00am
EU to stop buying Syrian oil

EU to stop buying Syrian oil

European Union countries have decided to stop buying crude oil from Syria as they move to toughen sanctions against the regime of President Bashar al-Assad, diplomats from the bloc said Friday. The sources were speaking after EU ambassadors met in Brussel
Published 20 Aug, 2011 12:00am
EU to stop buying Syrian oil

EU to stop buying Syrian oil

European Union countries have decided to stop buying crude oil from Syria as they move to toughen sanctions against the regime of President Bashar al-Assad, diplomats from the bloc said Friday. The sources were speaking after EU ambassadors met in Brussel
Published 20 Aug, 2011 12:00am
Wreck of 16th century Swedish warship found in Baltic

Wreck of 16th century Swedish warship found in Baltic

The wreck of a Swedish warship that historians hope is the Mars, head of king Erik XIV's fleet before it sank in the Baltic in 1564, has been found off Sweden's coast, museum officials said on Friday. A team of divers discovered the wreck at a depth of 75
Published 20 Aug, 2011 12:00am
Wreck of 16th century Swedish warship found in Baltic

Wreck of 16th century Swedish warship found in Baltic

The wreck of a Swedish warship that historians hope is the Mars, head of king Erik XIV's fleet before it sank in the Baltic in 1564, has been found off Sweden's coast, museum officials said on Friday. A team of divers discovered the wreck at a depth of 75
Published 20 Aug, 2011 12:00am
Provisional figures: FBR collects Rs 38.749 billion in 18 days

Provisional figures: FBR collects Rs 38.749 billion in 18 days

The Federal Board of Revenue (FBR) has provisionally collected Rs 38.749 billion during first 18 days of August 2011 against Rs 28.385 billion collected in the corresponding period of last fiscal year, reflecting an increase of 36 percent. It is learnt he
Published 20 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Provisional figures: FBR collects Rs 38.749 billion in 18 days

Provisional figures: FBR collects Rs 38.749 billion in 18 days

The Federal Board of Revenue (FBR) has provisionally collected Rs 38.749 billion during first 18 days of August 2011 against Rs 28.385 billion collected in the corresponding period of last fiscal year, reflecting an increase of 36 percent. It is learnt he
Published 20 Aug, 2011 12:00am
Provisional figures: FBR collects Rs 38.749 billion in 18 days

Provisional figures: FBR collects Rs 38.749 billion in 18 days

The Federal Board of Revenue (FBR) has provisionally collected Rs 38.749 billion during first 18 days of August 2011 against Rs 28.385 billion collected in the corresponding period of last fiscal year, reflecting an increase of 36 percent. It is learnt he
Published 20 Aug, 2011 12:00am
East Africa famine victims: UN needs another $1 billion

East Africa famine victims: UN needs another $1 billion

Valerie Amos, the UN's emergency aid co-ordinator, Friday called for another billion dollars in donations to aid drought victims in Somalia and the general region of East Africa. Her call for more donations coincided with World Humanitarian Day. She said
Published 20 Aug, 2011 12:00am
East Africa famine victims: UN needs another $1 billion

East Africa famine victims: UN needs another $1 billion

Valerie Amos, the UN's emergency aid co-ordinator, Friday called for another billion dollars in donations to aid drought victims in Somalia and the general region of East Africa. Her call for more donations coincided with World Humanitarian Day. She said
Published 20 Aug, 2011 12:00am
Hazare to fast till anti-graft bill is passed

Hazare to fast till anti-graft bill is passed

India's anti-graft activist Anna Hazare threw a challenge to the government Friday saying he would continue his fast till parliament passed a tough anti-graft ombudsman or lokpal bill. "If the bill does not come in this session I will fast till my last br
Published 20 Aug, 2011 12:00am
THE RUPEE: dollar heading to hit 87 mark

THE RUPEE: dollar heading to hit 87 mark

Persisting gradual rise in dollar value, dragging the rupee to hit 87 level in terms of the US currency, dealers said on Friday. Market-men attributed the fall in rupee to rise in demand by importers to clear payments.
Published 20 Aug, 2011 12:00am
Hazare to fast till anti-graft bill is passed

Hazare to fast till anti-graft bill is passed

India's anti-graft activist Anna Hazare threw a challenge to the government Friday saying he would continue his fast till parliament passed a tough anti-graft ombudsman or lokpal bill. "If the bill does not come in this session I will fast till my last br
Published 20 Aug, 2011 12:00am
THE RUPEE: dollar heading to hit 87 mark

THE RUPEE: dollar heading to hit 87 mark

Persisting gradual rise in dollar value, dragging the rupee to hit 87 level in terms of the US currency, dealers said on Friday. Market-men attributed the fall in rupee to rise in demand by importers to clear payments.
Published 20 Aug, 2011 12:00am
Gold prices surge to record high

Gold prices surge to record high

Gold prices shot up to the highest-ever mark of Rs 60,600 per tola on Friday, posting a single day record increase of Rs 2,200, traders said. 10-gram gold prices also hit a new high of Rs 51,942, up by Rs 1,885. On the global market, the yellow metal's pr
Published 20 Aug, 2011 12:00am
Gold prices surge to record high

Gold prices surge to record high

Gold prices shot up to the highest-ever mark of Rs 60,600 per tola on Friday, posting a single day record increase of Rs 2,200, traders said. 10-gram gold prices also hit a new high of Rs 51,942, up by Rs 1,885. On the global market, the yellow metal's pr
Published 20 Aug, 2011 12:00am
Gold prices surge to record high

Gold prices surge to record high

Gold prices shot up to the highest-ever mark of Rs 60,600 per tola on Friday, posting a single day record increase of Rs 2,200, traders said. 10-gram gold prices also hit a new high of Rs 51,942, up by Rs 1,885. On the global market, the yellow metal''s p
Published 20 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
UN urges Pakistan to probe journalist killings

UN urges Pakistan to probe journalist killings

The office of the UN's human rights commissioner urged Pakistan on Friday to investigate a recent spate of killings and disappearances of journalists. "In the past eight days alone, we have received reports on the killing of one journalist, Munir Shakir,
Published 20 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
UN urges Pakistan to probe journalist killings

UN urges Pakistan to probe journalist killings

The office of the UN's human rights commissioner urged Pakistan on Friday to investigate a recent spate of killings and disappearances of journalists. "In the past eight days alone, we have received reports on the killing of one journalist, Munir Shakir,
Published 20 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
Indian police beat Mexican, Kashmiri photographers

Indian police beat Mexican, Kashmiri photographers

Two photographers, an Indian and a Mexican, say police detained them for several hours after beating them during a protest against New Delhi's rule in India's portion offers, who works for California-based Zuma Press, and Showkat Shafi, a stringer with Al
Published 20 Aug, 2011 12:00am
Indian police beat Mexican, Kashmiri photographers

Indian police beat Mexican, Kashmiri photographers

Two photographers, an Indian and a Mexican, say police detained them for several hours after beating them during a protest against New Delhi's rule in India's portion offers, who works for California-based Zuma Press, and Showkat Shafi, a stringer with Al
Published 20 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (August 19, 2011) and for Saturday (August 20, 2011).
Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 19, 2011).

Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
CNG station relocation: OGRA officials accused of taking bribes

CNG station relocation: OGRA officials accused of taking bribes

Some members of the National Assembly Standing Committee on Petroleum and Natural Resources accused Oil and Gas Regulatory Authority (OGRA) officials of taking Rs 4 to 5 million in bribes for approving CNG station relocation. According to the official doc
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
HBL's profit after tax increases to Rs 9.287 billion

HBL's profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on August 16, 2011.

Published 20 Aug, 2011 12:00am
HBL's profit after tax increases to Rs 9.287 billion

HBL's profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2011 12:00am
HBL''s profit after tax increases to Rs 9.287 billion

HBL''s profit after tax increases to Rs 9.287 billion

The profit after tax (unconsolidated) of Habib Bank Limited (HBL) has increased to Rs 9.287 billion in the half year period ended June 30, 2011 as compared to Rs 7.423 billion earned in the corresponding period in 2010. The board of directors of the bank
Published 20 Aug, 2011 12:00am
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